Versalis outlines transformation plan, mulls import of US gas

12:36 PM MDT | May 7, 2013 | —Natasha Alperowicz

Versalis (Milan), the chemicals business of ENI (Rome), has outlined a major transformation program that aims to shift the company’s portfolio from domination by commodities toward differentiated and green chemicals, internationalize the business, and make it profitable by 2017–18, delivering €300 million ($392.4 million) in profit by the end of that period. The company is also looking to double capacity for elastomers and increase production of butadiene to feed the elastomers operation through three separate projects: conventional steam...

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